Trump Calls for Ending Tax on Social Security Payments for Seniors
‘Seniors should not pay tax on Social Security,’ the former president said, debuting the policy proposal for the first time.Donald Trump this week debuted the idea of seniors not having to pay taxes on their Social Security benefits, as he seeks to secure more voters with fewer than 100 days left before the November election.
“Seniors should not pay tax on Social Security,” the Republican presidential nominee wrote in an all-capitalized message on his Truth Social on Wednesday. That same day, he repeated that statement during a rally in Harrisburg, Pennsylvania, adding that “they won’t” pay such a tax if he is elected later this year.
“No tax on Social Security for seniors, no tax on tips,” he also wrote on Thursday evening on his social media site.
According to the Social Security Administration website, some 40 percent of Americans who receive Social Security payments have to pay federal income taxes on those benefits. It notably occurs if the person has “other substantial income” on top of their monthly benefits, including wages as well as earnings from interest, dividends, self-employment, and other taxable income that has to be submitted to the IRS on their tax returns, according to the agency.
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Trump will have to cut government spending and make government smaller as he has promised.
3 comments:
We shouldn't have to pay double extra taxes on SS we already paid taxes on them once when we worked and they look out the money, seniors are taken advantage of by this corrupt government gangsters elected!
Most of us don't pay taxes on our Social Security. Check it out!
What we do have to pay, is a portion of our increase, (if there is one) to any increases in Medicare. Again, this depends on your income.
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